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Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
86 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
25 people listed on the 990; $2.0M paid to officers and key staff.
Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
President and CEO
$446,524Pt VII · Sec A
VP Finance/Admin & Treasurer
$198,774Pt VII · Sec A
Provost & VP Academic Affairs
$189,390Pt VII · Sec A
VP Marketing/Communication
$178,172Pt VII · Sec A
VP Enroll/Student Services
$170,420Pt VII · Sec A
Avp/Human Resources
$147,613Pt VII · Sec A
Assoc Prof/Chair Health Programs
$145,391Pt VII · Sec A
Dean of Graduate Studies
$144,593Pt VII · Sec A
Chief Information Officer
$129,570Pt VII · Sec A
Professor and Faculty Chair, Business
$124,439Pt VII · Sec A
Exec Asst to President & Secretary
$86,653Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Dr Mary Ellen Caro | $458,583 | $478,394 | $757,307 | $446,524 | $441,000 | $402,595 |
| Elizabeth M Krapp | $191,673 | $224,494 | $252,215 | $198,774 | $193,878 | $186,145 |
| Dr Rita Toliver-Roberts | $205,653 | $223,202 | $245,082 | $189,390 | $194,787 | $186,624 |
| Joseph Guzzardo | $184,801 | $208,557 | $233,955 | $178,172 | $181,169 | $176,943 |
| Brad Hodge | $187,723 | $200,010 | $174,654 | $170,420 | $169,150 | — |
| Janet Eickhoff | — | — | — | — | $147,562 | $180,436 |
| Brad K Hodge | — | — | — | — | — | $167,360 |
| Carrie Robinson | $138,854 | $157,493 | $153,507 | $147,613 | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See Peirce College executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Offers career-focused degrees for adult learners.
Questions for Peirce College
Your first name shows with your question. Peirce College answers here, for everyone.
1 program · $19.3M · in their own filed words · FY2021
01
See schedule o
$19.3Mprogram expense
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Schedule I · received and paid
Grants received · FY2024
The W W Smith Charitable TrustFY2024$54K
Seachange Capital Partners INCFY2024$50K
The Patricia Kind Family FoundationFY2024$20K
Ascendium Education Solutions INCFY2024$13K
TD Charitable FoundationFY2024$10K
Total grants receivedfrom 5 funders$147K
Grants paid · 28 grants · $35.5M · 2019–2024
Unitemized GrantFY2024$2,802,173
Unitemized GrantFY2024$2,533,137
Unitemized GrantFY2024$774,162
Unitemized GrantFY2024$202,961
Unitemized GrantFY2023$2,224,646
Unitemized GrantFY2023$2,092,924
Unitemized GrantFY2023$817,396
Unitemized GrantFY2023$219,932
Unitemized GrantFY2022$1,939,339
Unitemized GrantFY2022$1,858,610
Unitemized GrantFY2022$895,200
Unitemized GrantFY2022$357,329
Unitemized GrantFY2021$2,082,008
Unitemized GrantFY2021$1,828,418
Unitemized GrantFY2021$1,739,144
Unitemized GrantFY2021$823,660
Unitemized GrantFY2020$2,400,072
Unitemized GrantFY2020$1,465,646
Federal money
Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2025 · $13.4M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$9.4M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$2.8M
Strengthening Minority-Serving InstitutionsDepartment of Education · ALN 84.382 · Direct$646K
Higher Education Institutional AidDepartment of Education · ALN 84.031 · Direct$297K
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$185K
Plus 1 smaller program.
The auditor reported no findings.
Year ending Jun 2024 · $11.3M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$7.5M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$2.2M
Strengthening Minority-Serving InstitutionsDepartment of Education · ALN 84.382 · Direct$714K
Higher Education Institutional AidDepartment of Education · ALN 84.031 · Direct$258K
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$221K
Plus 5 smaller programs.
The auditor reported no findings.
Year ending Jun 2023 · $9.2M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$5.6M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$1.9M
Strengthening Minority-Serving InstitutionsDepartment of Education · ALN 84.382A · Direct$700K
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$310K
Higher Education_institutional AidDepartment of Education · ALN 84.031P · Direct$275K
Plus 4 smaller programs.
The auditor reported 3 findings: a weakness in money controls.
Year ending Jun 2022 · $13.6M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$7.2M
Education Stabilization FundDepartment of Education · ALN 84.425 · Direct$3.6M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$2.1M
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$222K
Strengthening Minority-Serving InstitutionsDepartment of Education · ALN 84.382 · Direct$187K
Plus 5 smaller programs.
The auditor reported no findings.
By the numbers
The FY2022 990, line by line.
Download 990
1The main four
Money inPt VIII
$22.1M
Ln 12
Fees for servicesLn 2g$11.9M
Gifts and grantsLn 1h$8.2M
Investment incomeLn 3$1.5M
Money outPt IX
$22.4M
Ln 25
Programscol B$19.3M
Managementcol C$2.7M
Fundraisingcol D$384K
Owns and owesPt X
$31.2M
net assets · Ln 32
Cash and savingsLn 1–2$561K
Total assetsLn 16$35.1M
LiabilitiesLn 26$3.9M
PeoplePt VI, VII
25
listed · VII A
PaidVII A11
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$8.2M
Government grantsLn 1e$7.4M
Fees for servicesLn 2g$11.9M
Investment incomeLn 3$1.5M
Other incomeLn 4–11$390K
Gains on assetsLn 7$855K
Total revenueLn 12$22.1M
Assets in detailPt X, end of year
CashLn 1$556K
SavingsLn 2$5K
Cash and savings togetherLn 1–2$561K
InvestmentsLn 11–13$24.5M
Land, buildings, equipmentLn 10c$8.1M
Other assetsLn 15$0
Total assetsLn 16$35.1M
LiabilitiesLn 26$3.9M
Net assetsLn 32$31.2M
OperationsPt I, VI
EmployeesI 5281
VolunteersI 613
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
EndowmentSch D · Pt V
| Line | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|
| End of yearLn 1g | $3.4M | $4.1M | $3.3M | $3.3M | $3.2M |
| Given inLn 1b | $3K | $3K | $4K | $6K | $2.0M |
| SpentLn 1d–1f | $132K | $126K | $119K | $113K | $24K |
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $583K | $561K |
| InvestmentsLn 11–13 | $30.0M | $24.5M |
| Land, buildings, equipmentLn 10c | $8.7M | $8.1M |
| Total assetsLn 16 | $40.8M | $35.1M |
| LiabilitiesLn 26 | $3.8M | $3.9M |
| Net assetsLn 32 | $37.0M | $31.2M |
5Every line
Statement of functional expensesPt IX · every line
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $6.5M | $6.5M | ||
| Pay of current officers, directors and key staffLn 5 | $1.3M | $901K | $379K | $16K |
| Other salaries and wagesLn 7 | $7.2M | $6.1M | $907K | $163K |
| Pension plan contributionsLn 8 | $400K | $334K | $62K | $4K |
| Other employee benefitsLn 9 | $1.4M | $1.1M | $329K | $37K |
| Payroll taxesLn 10 | $582K | $486K | $83K | $13K |
| Legal feesLn 11b | $61K | $61K | ||
| Accounting feesLn 11c | $72K | $72K | ||
| Lobbying feesLn 11d | $55K | $55K | ||
| Investment management feesLn 11f | $43K | $43K | ||
| Other fees for servicesLn 11g | $678K | $562K | $105K | $11K |
| Advertising and promotionLn 12 | $1.6M | $1.6M | ||
| Office expensesLn 13 | $143K | $132K | $10K | $1K |
| Information technologyLn 14 | $803K | $728K | $51K | $24K |
| OccupancyLn 16 | $357K | $323K | $23K | $11K |
| TravelLn 17 | $3K | $3K | $21 | $282 |
| Conferences, conventions and meetingsLn 19 | $10K | $10K | $235 | $125 |
| InterestLn 20 | $83K | $83K | ||
| Depreciation, depletion and amortizationLn 22 | $607K | $550K | $39K | $18K |
| InsuranceLn 23 | $174K | $174K | ||
| Other expenses (24a–d)Ln 24 | $396K | $62K | $249K | $85K |
| Total functional expensesLn 25 | $22.4M | $19.3M | $2.7M | $384K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS Feb 11, 2026 | $21.0M | $22.5M | −$1.5M | $0 | 990 PDF |
| FY2024Filed with the IRS Mar 24, 2025 | $22.0M | $21.7M | $252K | $29.0M | 990 PDF |
| FY2023Filed with the IRS Apr 23, 2024 | $17.2M | $21.0M | −$3.8M | $28.5M | 990 PDF |
| FY2022 ViewingFiled with the IRS Mar 15, 2023 | $22.1M | $22.4M | −$336K | $31.2M | 990 PDF |
| FY2021Filed with the IRS Apr 1, 2022 | $22.2M | $21.4M | $756K | $37.0M | 990 PDF |
| FY2020Filed with the IRS Feb 25, 2021 | $23.1M | $23.8M | −$754K | $31.4M | 990 PDF |
Schedules filed Part IV
III · Programs
R · Related orgs
G · Fundraising
L · Interested persons
I · Grants
J · Pay
O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $22,054,540 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,836,138$8,244,953
I-9 Program service revenuePrior year $14,128,297$11,908,138
I-10 Investment incomePrior year $1,707,411$1,511,430
I-11 Other revenuePrior year $522,492$390,019
I-12 Total revenuePrior year $22,194,338$22,054,540
I-13 Grants and similar amounts paidPrior year $5,350,877$6,473,230
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $11,649,134$10,864,226
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $4,438,089$5,052,966
I-18 Total expensesPrior year $21,438,100$22,390,422
I-19 Revenue less expensesPrior year $756,238−$335,882
Part VI · Governance 14 of 14 board members independent, no flags
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $22,054,540 across 9 lines filed
VIII-1e Government grants$7,412,242
VIII-1f All other contributions, gifts and grants$832,711
VIII-1h Total contributions, gifts and grants$8,244,953
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $11,908,138$11,908,138
VIII-3 Investment incomeExcluded from tax $656,721$656,721
VIII-6 Net rental income or lossExcluded from tax $105,091$105,091
VIII-7 Net gain or loss on sales of assetsExcluded from tax $854,709$854,709
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $284,928$284,928
VIII-12 Total revenueRelated to mission $11,908,138 · Unrelated business $0 · Excluded from tax $1,901,449$22,054,540
Part IX · Statement of functional expenses $22,390,422 across 21 lines filed
IX-2 Grants to domestic individualsPrograms $6,473,230$6,473,230
IX-5 Pay of current officers, directors and key staffPrograms $901,496 · Management $378,731 · Fundraising $16,244$1,296,471
IX-7 Other salaries and wagesPrograms $6,098,292 · Management $907,367 · Fundraising $163,206$7,168,865
IX-8 Pension plan contributionsPrograms $334,037 · Management $62,057 · Fundraising $4,258$400,352
IX-9 Other employee benefitsPrograms $1,050,165 · Management $328,723 · Fundraising $37,155$1,416,043
IX-10 Payroll taxesPrograms $486,296 · Management $83,092 · Fundraising $13,107$582,495
IX-11b Legal feesManagement $60,844$60,844
IX-11c Accounting feesManagement $71,982$71,982
IX-11d Lobbying feesPrograms $55,000$55,000
IX-11f Investment management feesManagement $43,227$43,227
IX-11g Other fees for servicesPrograms $561,571 · Management $105,040 · Fundraising $11,140$677,751
IX-12 Advertising and promotionPrograms $1,568,419$1,568,419
IX-13 Office expensesPrograms $132,339 · Management $9,639 · Fundraising $1,154$143,132
IX-14 Information technologyPrograms $727,611 · Management $51,399 · Fundraising $24,093$803,103
IX-16 OccupancyPrograms $323,126 · Management $22,826 · Fundraising $10,700$356,652
IX-17 TravelPrograms $2,715 · Management $21 · Fundraising $282$3,018
IX-19 Conferences, conventions and meetingsPrograms $9,859 · Management $235 · Fundraising $125$10,219
IX-20 InterestManagement $82,983$82,983
IX-22 Depreciation, depletion and amortizationPrograms $549,742 · Management $38,833 · Fundraising $18,203$606,778
IX-23 InsuranceManagement $173,758$173,758
IX-24 Other expenses (24a–d)Programs $62,416 · Management $248,901 · Fundraising $84,783$396,100
IX-25 Total functional expensesPrograms $19,336,314 · Management $2,669,658 · Fundraising $384,450$22,390,422
Part X · Balance sheet $35,094,756 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $538,649$555,925
X-2 Savings and temporary cash investmentsStart of year $44,646$4,622
X-3 Pledges and grants receivableStart of year $201,462$802,111
X-4 Accounts receivableStart of year $940,350$675,145
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $382,613$376,671
X-10c Land, buildings and equipment, netStart of year $8,681,470$8,131,845
X-11 Publicly traded securitiesStart of year $29,955,057$24,489,021
X-12 Other securitiesStart of year $75,737$59,416
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $40,819,984$35,094,756
X-17 Accounts payable and accrued expensesStart of year $962,865$1,033,094
X-19 Deferred revenueStart of year $186,581$170,815
X-24 Unsecured notes and loans payableStart of year $4,934$250,000
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $3,773,358$3,933,006
X-27 Net assets without donor restrictionsStart of year $32,829,408$27,489,205
X-28 Net assets with donor restrictionsStart of year $4,217,218$3,672,545
X-32 Total net assets or fund balancesStart of year $37,046,626$31,161,750
X-33 Total liabilities and net assetsStart of year $40,819,984$35,094,756
Part XI · Reconciliation of net assets $31,161,750 net assets at year end
XI-1 Total revenue$22,054,540
XI-2 Total expenses$22,390,422
XI-3 Revenue less expenses−$335,882
XI-4 Net assets at start of year$37,046,626
XI-5 Net unrealized gains (losses) on investments−$5,548,994
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$31,161,750
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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